Is QVC Exports overvalued or undervalued?

As of 23 September 2025, QVC Exports has moved from a fair to an expensive valuation grade. The company is currently considered overvalued based on its financial ratios and peer comparisons. Notable ratios include a PE ratio of 6.35, an EV to EBITDA of 11.96, and a Price to Book Value of 0.70.
When compared to peers, QVC Exports' PE ratio is significantly lower than Indian Metals, which has a PE of 17.54, but higher than Maithan Alloys, which stands at 4.66. This indicates that while QVC Exports is cheaper than some competitors, it remains overvalued relative to its own historical performance and the current market environment. Additionally, the company's recent stock performance shows a decline of 49.05% over the past year, contrasting with a 6.45% gain in the Sensex, further reinforcing the overvaluation narrative.